Global LNG Surge Gives Europe Nerve to Quit Russian Supply Early
The bloc is considering accelerating its exit from Moscow’s tanker-borne gas by a year.
A liquefied natural gas carrier in Portugal’s Sines port.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the global economy. Today, reporter Anna Shiryaevskaya looks at how growth in the liquefied natural gas market is helping the European Union accelerate its planned phaseout of Russian fuel.
More than 3 1/2 years since Moscow launched its full-scale invasion of Ukraine, the European Union is taking bolder steps to halt imports of tanker-borne natural gas from Russia. Surging global supply makes the decision less painful.